388, 359.24 as subventions to seven of the State-owned tertiary
institutions in 2016, noting that an outstanding balance of N86,
996,421.7 will be released this month.
The institutions include the Kwara State University (KWASU); Kwara
State Colleges of Education in Ilorin, Oro and Lafiagi; Kwara State
College of Arabic & Islamic Legal Studies; Kwara State College of
Nursing, Oke-Ode; and the Kwara State School of Nursing and Midwifery,
Ilorin.
The State Commissioner for Finance, Alhaji Demola Banu, who disclosed
this in a statement on Sunday, explained that the government had
reviewed the subventions accruing to the institutions by deploying
mechanisms to block loopholes and wastages in the system.
Alhaji Banu said that after the review, it became obvious to the
government that the internal revenues generated by some of these
institutions were enough to meet their financial obligations.
He asserted that this necessitated the need for the State government
to cut or stop the annual subventions that were hitherto being
collected by the institutions.
Alhaji Banu added that government had stopped subventions to Kwara
State Polytechnic and the Kwara State College of Health Technology,
Offa as their IGR is enough to guarantee smooth running of the
schools.
The Commissioner called on the management of all the state-owned
institutions to be more innovative and resourceful in generating
revenue for their schools, adding that the situation where
government's subventions are spent only on recurrent expenditure was
not sustainable.
He also said that school authorities should be prudent in the
utilization of financial resources in order to make their institutions
gain some degree of financial autonomy.
Muideen Akorede Phd
Senior Special Assistant (Media and Communications)
to the Kwara State Governor
Written by NEWSTRAWL ONLINE UPDATE
Sodiq Oyeleke is a Media, Human Resources, Project Management and Public Relations Practitioner
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